George Weston (TSE:WN) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of George Weston Limited (TSE:WN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$223.17 and traded as high as C$235.00. George Weston shares last traded at C$234.47, with a volume of 136,962 shares.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Scotiabank cut George Weston from an "outperform" rating to a "sector perform" rating and upped their target price for the company from C$240.00 to C$241.00 in a report on Thursday. Desjardins cut their target price on shares of George Weston from C$255.00 to C$251.00 and set a "buy" rating on the stock in a research note on Thursday. TD Securities upped their target price on shares of George Weston from C$242.00 to C$263.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. CIBC decreased their price objective on shares of George Weston from C$269.00 to C$268.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, BMO Capital Markets boosted their target price on George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$251.42.

George Weston Stock Performance

The company has a market capitalization of C$30.06 billion, a price-to-earnings ratio of 46.36, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The firm has a 50-day simple moving average of C$223.45 and a two-hundred day simple moving average of C$223.61. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

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Insider Transactions at George Weston

In related news, Senior Officer Rashid Wasti sold 250 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$231.30, for a total value of C$57,825.00. Also, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$230.80, for a total value of C$2,308,031.00. Over the last ninety days, insiders have sold 10,400 shares of company stock worth $2,401,174. Company insiders own 59.41% of the company's stock.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston's ownership sits close to 62%.